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Recession is looming over Canada like other countries in the world and the economy is busy preparing a recovery plan. TSX investors must stay alert as the market continues to record high volatility.
The rising prices of commodities and interest rate hikes to tame the rising inflation might tip the economy into recession. But not all stocks dread the impact of the recession. Certain stocks are preparing to survive the situation.
Let's explore the five stocks curated by Kalkine Media® and see their performances:
Brookfield Infrastructure Partners L.P., as a firm, owns and operates long-life assets. Further, it acquires infrastructure assets having capital costs on a lower side along with high entry barriers. The company has an employee size of 225,000.
The company has a total market capitalization of C$ 25.3 billion. As of June 30, 2022, the company generated revenue of US$ 3,681million and witnessed an increase of 38.22 per cent compared to the previous year.
In contrast, there was a decline in the net income by 67.45 per cent.
As of June 30, 2022, in a period of six months, the company's assets and liabilities declined by 3.58 per cent and 0.08 per cent, respectively.
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